A major challenge for business owners is to make an objective evaluation of where they stand in relation to competitors. The SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis offers an excellent tool to accomplish that.
Keith Larson
Keith is 1 of 6 experienced SCORE volunteers providing FREE business counseling at the new Murrieta Innovation Center 26442 Beckman Ct. To make an appointment, send an e-mail to k.larson@cox.net or visit the SCORE website at https://inlandempire.score.org/ Join Keith and other Murrieta-area business owners at a FREE monthly Business Roundtable, held 3rd Wednesdays from 8:00 to 9:00 a.m. at the Innovation Center.
- Posts: 11
- Website: https://inlandempire.score.org
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On Jan. 1 2017, the minimum wage will rise by 50 cents to $10.50 an hour. Then it will increase by $1 an hour each year until it reaches $15 on Jan. 1, 2022. These raises will lag by one year for companies with 25 workers or fewer, so the $15 minimum applies in 2023 […]
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A search of the internet for last minute tax tips and planning for 2016 yielded the following. The first 2 come from Business News Daily by Adam C. Uzialko. Small businesses have been crying out for consistency in the tax code, and for 2015 they got some. However, the 2016 elections could change that. Business […]
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I’ve been looking at what government and “NGO” services are available to help the local entrepreneur turn her basket weaving business into a regional powerhouse. Here is what I’ve found. U.S. Economic Development Administration (EDA) fosters regional economic development efforts in communities across the nation. Through strategic investments that foster job creation and attract private […]
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Budding entrepreneurs abound at Murrieta Valley High School. Under a national program called Virtual Enterprise, instructor Joel Levin teaches juniors and seniors how to create a company that is “real”, although no goods or services are produced and no money changes hands. He starts by interviewing and “hiring” a student CEO who then interviews and […]
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By the time you read this the Fed will probably have raised the interest rate they charge banks by some “nominal” amount, around 0.25%. To understand where this will take us we must understand where we’ve been. Historically the feds have raised interest rates to slow the economy and thereby curb inflation, because the primary […]
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Many job ads include a requirement for multitasking proficiency, in the mistaken belief that performing multiple tasks simultaneously leads to higher productivity. Quite the opposite. While employed at a large defense contractor a few years ago, I participated in a multitasking test that consisted of placing small balls in a certain order. When that task […]
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Ever wonder what your business is worth? Here are five common methods of calculating it.
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A complaint I often hear from my contractor clients after bidding unsuccessfully on a large project: “The winning bid was lower than my costs! The winner must have low-balled it just to get the job”. However, a more likely explanation follows. Most contractors price a job this way, with minor variations: Determine “direct” cost; i.e., […]
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Here are some Tips for a Winning Technical Proposal Over my 30 year career as Program Manager, Marketing Manager and Proposal Leader at high tech government contractors (including Hughes, Raytheon and Titan), I have been involved in the preparation of many proposals. These have resulted in small to multimillion dollar awards. Twenty years ago I […]
